Today was the much anticipated 2011 Geneva Lake Antique and Classic Boat Auction presented by Mecum Auctions. The auction was under the big tent at the Abbey Resort in conjunction with the 36th Annual ACBS International Meeting & Boat Show in Fontana, Wisconsin.
Mecum Auctions is one of the leading auction companies in the country and regardless of what they are selling, the organization and presentation at their events is always top cabin. However at today’s antique and classic boat auction, from the results, there appeared to be more spectators than serious bidders with only 30% of the listed boats being sold. We don’t have the exact numbers and these are subject to change, as there are always a few more sales negotiated after the auction is completed, but approximately 70 boats went across the block today, with around 24 lots sold.
The top seller at today’s auction was a 1955 18′ Chris-Craft Cobra which sold for 75K. Second top seller was a 1975 Magnum 28′ fiberglass classic which sold for 47K. And the third top selling boat of the day was a very nice 1966 28′ Lyman Sportsman which hammered at 39,500.00. Early in the auction, the tent was packed with people, with almost standing room only during the peak of the auction, but with only limited bidding activity.
Many of the higher valued boats at today’s auction did not sell, as bidding stalled and fell short of the reserves. For example, bidding reached 250K on “Miss Arrowhead” a 1940 27′ Chris-Craft Triple Cockpit Racing Runabout but she did not sell. Lot #169 a big 1956 26′ Chris-Craft Continental bid up to 140K with no sale. “Marry Sunshine” a well known 1941 19′ Chris-Craft Custom Barrelback reached 65K or 70K but did not reach it’s reserve price.
“Papas Dream” a rare 1929 Gar Wood 28′ Baby Gar (shown below) stalled at 115K and didn’t appear to come close to it’s reserve. Usually in an auction setting like this, if the auctioneer senses that they are close to the undisclosed “Reserve” price for the lot, every effort will be made to bridge the price between the seller and bidder to make the sale. But today, on some of the higher priced boats, the difference between what the bidders were prepared to offer and the seller’s reserves appeared to be too great it some cases.
This very nice 1930 Chris-Craft 26′ Triple Cockpit Runabout (below) powered by a rare A-120 high performance engine also reached 115K and then stalled not meeting reserve. A few of the boats that were originally sold at the big Warner Auction last October, such as “Queen”, “Wee Don” & “Snoop” also crossed the block today, but were not sold.
This Century project boat sold at auction for around 800.00 today, so somebody has a winter restoration project to work on.
You can see the results for today’s Mecum Genava Lake Auction auction by clicking here or by going to their website at MecumAuctions.com.